A quantitative theory of time-consistent unemployment insurance
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DOI: 10.1016/j.jmoneco.2020.06.003
Abstract: Abstract During recessions, the U.S. government substantially increases the duration of unemployment insurance (UI) benefits through multiple extensions. Benefit extensions increase UI coverage and lead to higher average consumption of unemployed workers, but the expectation… read more here.
Keywords: time consistent; unemployment; unemployment insurance; benefit extensions ... See more keywords